Google’s finance head is on the way out.
Google Chief Financial Officer Patrick Pichette is planning to retire this year, according to an SEC filing released Tuesday. Pichette, who has served as the company’s CFO since 2008, will assist in the search for a new executive for the position. The transition is expected to be completed in the next six months.
Google missed stock analysts’ earnings estimates during all four quarters of 2014. The company continues to be heavily reliant on search advertising as its main revenue source despite developing business lines across a number of different sectors.